Comprehensive Market Analysis on Protein Therapeutics Market projected to reach USD 457.6 Billion by 2030 | CAGR of 7.0% | Forecast period 2023-2030, published by MarketDigits

Protein Therapeutics Market Scope:
Market size value in 2023 - USD 285.0 Billion
Market size value in 2030 - USD 457.6 Billion
CAGR (2023-2030) - 7.0%
Forecast Period - 2023-2030
Segments Covered - Type, Application, End User and Region
Geographies Covered - North America, Europe, Asia Pacific, and Row
Sample of Companies Covered - Boehringer Ingelheim International GmbH, Takeda Pharmaceutical Company Limited, Thermo Fisher Scientific, Inc., Leadiant Biosciences, Moderna, Inc., Amicus Therapeutics

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Browse in-depth TOC on Protein Therapeutics Market
178-Tables
95-Figures
332-Pages

North America dominates the market for Protein Therapeutics.
North America stands out as the dominant region, exhibiting notable progress and holding a significant market share in the field of protein therapeutics. This dominance is underpinned by a robust healthcare infrastructure, a prominent presence of pharmaceutical companies, and a regulatory environment conducive to drug development and commercialization. Moreover, the region benefits from extensive research and development endeavours, coupled with substantial investments in the biotechnology and life sciences sectors.
In Europe, although not as dominant as North America, there are substantial advancements, with nations such as the UK, Germany, and Switzerland serving as pivotal hubs for biotech innovation and research.
The Asia-Pacific region is experiencing rapid expansion, fueled by escalating healthcare expenditure, a burgeoning biopharmaceutical industry, and increasing demand for advanced therapeutics, particularly in countries like China, Japan, and India. Emerging regions like Latin America and the Middle East & Africa are also witnessing growth, albeit at a slower pace, propelled by enhancements in healthcare infrastructure and growing awareness about protein therapeutics. However, North America remains at the forefront, driving innovation and shaping the trajectory of the protein therapeutics market.

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Top Key Players Covered in the Report-
Abbott, AERA, Amgen Inc., Amicus Therapeutics, Bayer AG, Biogen Inc, BioNTech SE, Boehringer Ingelheim International GmbH, Leadiant Biosciences, Moderna, Inc., Pfizer Inc., Sanofi, Takeda Pharmaceutical Company Limited, Thermo Fisher Scientific, Inc., others.

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Recent Developments-
In January 2024, Sanofi entered into a definitive agreement to acquire Inhibrx, Inc., a publicly traded clinical-stage biopharmaceutical company known for its focus on developing innovative biologic therapeutic candidates. The acquisition will occur after the spin-off of assets unrelated to INBRX-101 into New Inhibrx. INBRX-101 is a human recombinant protein offering potential benefits for Alpha-1 Antitrypsin Deficiency (AATD) patients, enabling them to achieve normalized serum AAT levels with less frequent dosing (monthly instead of weekly).

https://industrytoday.co.uk/market-research-industry-today/emerging-trends-and-innovations-for-the-protein-therapeutics-market-projected-to-reach-usd-4576-billion-by-2030

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This release was published on openPR.